• A trade truce likely but no deal at the Trump-XI G20 meeting - BAML

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27 junho 2019

A trade truce likely but no deal at the Trump-XI G20 meeting - BAML

The Research Team at Bank of America Merrill Lynch (BAML) offers their expectations from the much-awaited G20 meeting between the US President Trump and his Chinese counterpart Xi.

  • The best we can hope for is a truce, not a deal.

  • A likely ceasefire, delays in tariffs agreed to on both sides.

  • Given the scope of disagreement between the two side, a major deal is unlikely.

  • A truce is at least a positive but will soon evolve into worry unless sides move towards a deal.

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